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Uruguay expanded 4,4% in 2021 and is poised to continue growing strongly, IMF report

The economic recovery continues at a firm pace, despite a volatile external environment, supported by high agricultural commodity prices, recovering service sectors and strong investment. Inflationary pressures, driven both by external and domestic factors, are expected to dissipate only gradually. Amid a well-advanced recovery, conditions are appropriate for further fiscal consolidation efforts while supporting the most vulnerable to mitigate the impact of the food and energy price shock. Additional monetary…

Uruguay’s Economy continues to grow

Uruguay’s economy has expanded 3.7% during the second quarter of 2014 making for 10 years of continuos expansion. With the exception of construction, which had a negative performance, all other sectors of the Uruguayan economy expanded during the second quarter compared to 2013. Exports during the period, increased 8.1% in volume on an annual basis while imports increased at a 2.4% rate. Last year the Uruguayan economy expanded 4.4% above the government target and other estimates such as the IMF and World…
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